Excise duty exemption for goods from export oriented units limits excise to a proportion of equivalent customs duty. Goods produced in 100% export oriented undertakings or free trade zones and sold domestically are exempt from excise duty to the extent that excise exceeds an amount computed by reference to duties of customs leviable on like imported goods; a minimum aggregate customs duty equivalent in the form of an ad valorem floor or the scheduled excise rate applies, whichever is higher, excluding goods chargeable to nil customs rate, and the ad valorem floor is apportioned among the customs duties in the same ratio as their chargeability.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Excise duty exemption for goods from export oriented units limits excise to a proportion of equivalent customs duty.
Goods produced in 100% export oriented undertakings or free trade zones and sold domestically are exempt from excise duty to the extent that excise exceeds an amount computed by reference to duties of customs leviable on like imported goods; a minimum aggregate customs duty equivalent in the form of an ad valorem floor or the scheduled excise rate applies, whichever is higher, excluding goods chargeable to nil customs rate, and the ad valorem floor is apportioned among the customs duties in the same ratio as their chargeability.
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